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HomeMy WebLinkAboutORD 2015CITY OF RENTON, WASHINGTON ORDINANCE NO. fr � AN ORDINANCE ordering the construction and installation of sanitary sewer lines and appur- tenances in the Maplewood area of the City, all in accordance with Resolution No. 1181 of the City Council of the City of Renton, Washington; establishing Local Improvement District No. 249; providing the method of assessment in said Dis- trict; providing that payment for said improve- ment be made by special assessments upon property in said District, payable by the mode of "payment by bonds;" and providing for the issuance and sale of local improvement district warrants re- deemable in cash and local improvement district bonds. WHEREAS, by Resolution No. 1181, adopted January 7, 1963, the City Council of the City of Renton declared its inten- tion to construct and install certain sanitary sewer lines in the Maplewood area of the City and fixed the 25th day of February, 1963, at 8:00 o'clock P.M. (P.S.T.),.in the Council Chambers iri the City Hall, City of Renton,Washington, as the time and place for hearing all matters relating to said proposed improvement and all objections thereto and for determining the method of payment for said improvement; and WHEREAS, Jack Wilson, the City Engineer, has caused an estimate to be made of the costs and expense of the proposed im- provement and has certified said estimate to the City Council, together with all papers and information in his possession touching the proposed improvement, a description of the boundaries of the District, a statement of what portion of the cost and expense of the improvement should be borne by the property within the proposed District, a statement in detail of the local improvement assess- ments outstanding or unpaid against the property in the proposed district, and a statement of the aggregate actual valuation of the real estate, including 25% of the actual valuation of the improvements i in the proposed district, according to the valuation last placed Iupon it for the purpose of general taxation; and i WHEREAS, said estimate is accompanied by a diagram of the proposed improvement showing thereon the lots, tracts, parcels t of land, and other property which will be specially benefited by I I the proposed improvement, and the estimated amount of the cost and expense thereof to be borne by each lot, tract, and parcel of land or other property; and WHEREAS, due notice of the hearing upon said Resolution No. 1181 was given in the manner provided by law, said hearing was held by the City Council on February 25, 1963, and all written protests filed with the City Council on or before said date were duly considered and all persons appearing at said hearing were heard; and WHEREAS, at said hearing, the City Council gave due con- sideration to the special benefits to be received from such proposed improvement by all of the properties to be included within the proposed local improvement district, and overruled all written protests filed with it; and WHEREAS, the City Council deems it in the best interest of the city and of the owners of the property within the proposed local improvement district that said proposed improvement as herein- after described be carried out and that a local improvement district be created in connection therewith, NOW, THEREFORE, BE IT ORDAINED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF RENTON, WASHINGTON, as follows: Section 1. The following sanitary sewer lines in the Maplewood area of the City shall be constructed and installed, to -wit: -2- APPROX. PIPE SIZE 811 1 ON 5th Avenue East 6th Avenue East 11 it i1 "M" Street South "N" Street South "0" Street South 5th Place East Maple Valley High- way (P. S. H. No. 5) FROM Maple Valley High- way (P.-S.H. No. 5) 5th Avenue East "N" Street South Maple Valley High- way (P.S.H. No. 5) 5th Avenue East 5th Avenue East "0" Street South 5th Avenue East TO Approx. 300' East of "0" Street South "M" Street South Approx. 600' East of 110" Street South "N" Street South 6th Avenue East 6th Avenue East East approx. 450' West approx. 600' There shall be included in the foregoing the acquisition and installation of all necessary valves, fittings, couplings, connections, equipment and appurtenances, and the acquisition of any easements, rights-of-way and land that may be required; and there shall be included the performance of such work as may be incidental and necessary to the foregoing construction and installa- tion. The City Council may modify the details of the foregoing described improvement where in its judgment it appears advisable, provided such modifications do not substantially alter the plan of said improvement. All of the foregoing shall be in accordance with the plans and specifications therefor to be prepared by Jack Wilson, the City Engineer. Section 2. There is hereby created and established a local improvement district to be called "Local Improvement District No. 249 of the City of Renton, Washington," the boundaries of such local improvement district being described as follows: Maplewood Division No. 1 as recorded in Volume 39 of Plats, Page 24, Records of - King County, Washington, also; Maplewood Division No. 2 as recorded in Volume 30 of Plats, Page 39, Records of King County, Washington, also; that portion of the -3- South one half of the Southwest one quarter of Section 16, Township 23 North, Range 5 East, W.M. lying Northerly of P.S.H. No. 5 and .Easterly of the Easterly line of a-50 foot wide easement owned by Puget Sound Power and Light Company. (formerly Intermountain Powerline) Section 3. The estimated cost and expense of said im- provement is hereby declared to be $87,939.00. The entire cost and expense of said improvement, including the cost and expense of all engineering, legal, inspection, advertising, publication of notices and other expenses incidental thereto,shall be borne by and assessed against the property specially benefited by such improvement included in the local improvement district established, embracing, as near as may be, all property specially benefited by such improvement. Section 4. The nature of the improvement provided for herein is such that the special benefits conferred on the property are not fairly reflected by the use of the statutory termini- and - zone method of assessment, and the assessments therefor shall be made -against the properties of the District in accordance with the special benefits that will be derived from the improvement with- out regard to the zone -and -termini method of assessment. Section 5. Local improvement district warrants shall be issued in payment of the cost and expense of the improvement here- in ordered, such warrants to be payable out of the "Local Improve- ment Fund, District No. 249," hereinafter created, to bear interest from the date thereof at a rate to be hereafter fixed by ordinance not to exceed 6% per annum and to be redeemed in cash, and/or by local improvement district bonds herein authorized to be issued, said interest-bearing warrants to be hereafter referred to as "revenue warrants." Such bonds shall bear interest at a rate to be hereafter fixed by ordinance not exceeding 6% per annum, shall be payable on or before twelve (12) years from the date of issuance, the life of the improvement ordered being not less than -4- twelve years, and shall be issued in exchange for and in redemption of any and all revenue warrants issued hereunder and not redeemed in cash within a period not to exceed sixty days after the first publication by the City Treasurer of notice that the assessment roll for Local Improvement District No. 249 is in her hands for collection. The bonds shall be redeemed by the collection of special assessments to be levied and assessed upon the property within said District, payable in ten (10) equal annual installments, with interest at a rate to be hereafter fixed by ordinance not exceeding 6% per annum, under the mode of "payment by bonds," as defined by law and the or- dinances of the City of Renton. In the case of default in the pay- ment of any assessment when the same shall become due, there shall be added interest at a rate to be hereafter fixed by ordinance not to exceed 6% per annum and a penalty of 6% which shall also be' collected. The exact form, amount, date, interest rate and denomina- tions of said warrants and bonds shall be hereafter fixed by ordin- ance of the City Council. Said warrants and bonds shall be sold in such manner as the City Council shall hereafter determine. Section 6. All the work necessary to be done in connection with the making of said improvement shall be done by and made by contract upon competitive bids and the City shall have and reserves the right to reject any and all bids. The call for bids for work authorized pursuant to this Ordinance shall include a statement that payment for said work will be made in cash warrants drawn upon the "Local Improvement Fund, District 249." Section 7. There is hereby created and established in the office of the City Treasurer of the City of Renton, for Local Improvement District No. 249, a special fund to be known and desig- nated as "Local Improvement Fund, District No. 249," into which fund shall be deposited the proceeds from the sale of revenue warrants drawn against said fund which may be issued and sold by the City and collections pertaining to assessments, and against -5- which fund shall be issued cash warrants to the contractor or contractors in payment for the work to be done by them in connection with said improvement, and against which fund cash warrants shall be issued in payment of all other items of expense in connection with said improvement. PASSED by the City Council and APPROVED by the Mayor of the City of Renton, Washington, at a regular meeting thereof, this ,�/, day of March, 1963. O ✓ MAYOR ATTEST: CITY CLERK /.APPROVED AS TO FO DATE OF FWLI�C`ATION MAR 6 1963 ! M.